Orion Portfolio Solutions LLC Purchases 87 Shares of KLA Co. (NASDAQ:KLAC)

Orion Portfolio Solutions LLC raised its stake in shares of KLA Co. (NASDAQ:KLAC) by 5.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,689 shares of the semiconductor company’s stock after acquiring an additional 87 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in KLA were worth $565,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Graypoint LLC boosted its position in shares of KLA by 1.4% in the 3rd quarter. Graypoint LLC now owns 1,862 shares of the semiconductor company’s stock worth $623,000 after purchasing an additional 25 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of KLA by 3.8% during the 3rd quarter. International Assets Investment Management LLC now owns 856 shares of the semiconductor company’s stock valued at $286,000 after buying an additional 31 shares during the last quarter. Independent Advisor Alliance increased its stake in shares of KLA by 2.8% in the 3rd quarter. Independent Advisor Alliance now owns 1,225 shares of the semiconductor company’s stock valued at $410,000 after purchasing an additional 33 shares in the last quarter. C M Bidwell & Associates Ltd. increased its stake in shares of KLA by 8.6% in the 2nd quarter. C M Bidwell & Associates Ltd. now owns 429 shares of the semiconductor company’s stock valued at $139,000 after purchasing an additional 34 shares in the last quarter. Finally, Advisor Partners LLC boosted its holdings in KLA by 0.8% in the 2nd quarter. Advisor Partners LLC now owns 4,286 shares of the semiconductor company’s stock worth $1,390,000 after buying an additional 35 shares during the last quarter. 85.53% of the stock is currently owned by institutional investors and hedge funds.

Shares of KLAC stock opened at $445.00 on Friday. The business’s 50 day simple moving average is $415.39 and its 200 day simple moving average is $363.61. KLA Co. has a one year low of $273.24 and a one year high of $457.12. The stock has a market capitalization of $67.47 billion, a PE ratio of 25.20, a PEG ratio of 1.11 and a beta of 1.21. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.44 and a quick ratio of 1.76.

KLA (NASDAQ:KLAC) last released its quarterly earnings results on Tuesday, October 26th. The semiconductor company reported $4.64 EPS for the quarter, beating analysts’ consensus estimates of $4.52 by $0.12. The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.04 billion. KLA had a return on equity of 75.15% and a net margin of 36.52%. KLA’s quarterly revenue was up 35.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.03 EPS. As a group, research analysts expect that KLA Co. will post 21.18 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 1st. Shareholders of record on Monday, November 15th were issued a $1.05 dividend. The ex-dividend date of this dividend was Friday, November 12th. This represents a $4.20 annualized dividend and a dividend yield of 0.94%. KLA’s payout ratio is currently 23.78%.

Several analysts have recently commented on KLAC shares. Needham & Company LLC lifted their price target on shares of KLA from $390.00 to $400.00 and gave the company a “buy” rating in a research report on Thursday, October 28th. Atlantic Securities initiated coverage on KLA in a research report on Monday, November 15th. They issued an “overweight” rating and a $490.00 target price on the stock. The Goldman Sachs Group boosted their target price on KLA from $393.00 to $451.00 and gave the company a “neutral” rating in a research report on Friday, December 17th. Credit Suisse Group boosted their target price on KLA from $380.00 to $430.00 and gave the company an “outperform” rating in a research report on Thursday, October 28th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on KLA from $420.00 to $475.00 and gave the company a “buy” rating in a research report on Wednesday, December 15th. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, KLA presently has a consensus rating of “Buy” and an average target price of $437.35.

In other news, CFO Bren D. Higgins sold 3,883 shares of the business’s stock in a transaction on Thursday, November 18th. The stock was sold at an average price of $422.59, for a total value of $1,640,916.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Ahmad A. Khan sold 885 shares of the business’s stock in a transaction dated Thursday, November 18th. The shares were sold at an average price of $422.59, for a total value of $373,992.15. The disclosure for this sale can be found here. Company insiders own 0.16% of the company’s stock.

KLA Profile

KLA Corp. engages in the supply of process control and yield management solutions for the semiconductor and related nano-electronics industries. The company operates through the following segments; Semiconductor Process Control, Specialty Semiconductor Process, PCB, Display & Component Inspection and Other.

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Institutional Ownership by Quarter for KLA (NASDAQ:KLAC)

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